0 The following information applies to the questions displayed below.] Alison and Chuck Renny began operations of their furniture repair shop (Lazy Sofa Furniture, Inc.) on January 1, 2017. The annual reporting period ends December 31. The trial balance on January 1, 2018, follows (amounts are rounded to thousands of dollars to simplify). Account Titlen Debit Credit Cash 86 Accounts Receivable Supplies Equipment Accumulated Depreciation Software 10 Accumulated Amortization Accounts Payable Notes Payable (long-term) Salaries and Wages Payable Interest Payable Income Tax Payable Deferred Revenue Common Stock Retained Earnings Service Revenue Supplies Expense 0 Depreciation Expense 0 salaries and Wages Expono Mortisation Expense 0 Interest Expenso 0 Income Tax Expense O Totala $25 $ 25 5 0 0 o 0 0 11 0 Transactions during 2018 (summarized in thousands of dollars) follow a Borrowed 511 cash on July 1, 2018, signing a six month note payable. b. Purchased equipment for $13 cash on July 2. c Issued additional shares of common stock on July 3 for $6. d. Purchased additional equipment on August 4, $2 cash dan & Proy 2 9 of 9 !!! Next > Income Tax Expense Totals $ 25 $ 25 Transactions during 2018 (summarized in thousands of dollars) follow: a. Borrowed $11 cash on July 1, 2018, signing a six-month note payable. b. Purchased equipment for $13 cash on July 2. c Issued additional shares of common stock on July 3 for $6. d. Purchased additional equipment on August 4, $2 cash. e. Purchased, on account, supplies on September 5 for future use. $8, f. On December 6, recorded revenues in the amount of $53, including $7 on credit and $46 received in cash. g. Paid salaries and wages expenses on December 7. $29. h. Collected accounts receivable on December 8, $9. 1. Pald accounts payable on December 9, $12. J. Received a $5 deposit on December 10 for work to start January 15, 2019 Data for adjusting journal entries on December 31 k. Amortization for 2018, $5. Supplies of $6 were counted on December 31, 2018 m. Depreciation for 2018, $3. n. Accrued interest on notos payable of $3. o. Wages earned but not yet paid $4. p Income tax for 2018 was $4 and will be paid in 2019 1.3.5 and 8. Set up Taccounts for the accounts on the trial balance Enter beginning balances and post the transactions adjusting entnos k p, and closing entry (Enter your answers in thousands of dollars.) Cash Accounts Receivable & Prov 0 Noxd 1. IR ---- Required information Cash Accounts Recelvable Beg. Bal. Beg. Bal. a. End. Bal End. Bal. Supplies Equipment Beg. Bal Beg. Bal End Bal End. Bal Accumulated Depreciation Software Beg Bal Beg Bal End. Bal End. Bal Accumulated Amortization Accounts Payable Bog Bal Beg Ba & Prov Next Saved Required information End. Bal. End. Bal Accumulated Amortization Accounts Payable Beg. Bal. Beg Bal End. Bal. End. Bal. Notes Payable (short-term) Salaries and Wages Payable Beg. Bat. Beg. Bal End. Bal. End. Bal Interest Payable Income Tax Payable Bog. Bal Bog Bal End. Bal End Bal Deferred Revenue Common Stock Bag Bol Beg Ba End Dal End Dan Proy 2 4 Next > Required information Retained Earnings Service Revenue 19 Beg. Bal. Beg. Bal. End. Bal. End. Bal. Income Tax Expense Interest Expense Bog. Bal. Beg Bal at End. Bal. End, Bal inces Depreciation Expense Supplies Expenses Beg Bal Beg Bal End. Bai End. Bal Salaries and Wages Expense Amortization Expenso Beg Bal. Bog. Bal. Prey 2 3 C 4 9 of 9 Next >